Trade Update Articles

Many of us will remember 2020 as being a momentous year, some for the good, but mostly for the memories of uncertainty. Some of us have been affected by the loss of a loved one due to COVID-19.  We would like to take this opportunity to extend our sincere sympathies to you and your families.  …

Is your company exporting goods outside of Canada and currently using paper B13A’s or CAED?  As of September 30, 2020, the CBSA will no longer accept paper B13A’s and/or declarations using the Canadian Automated Export Declaration (CAED) system.  Exporters or service providers will be required to report exports electronically. Two electronic reporting methods are available …

On March 1, 2018, President Trump announced his intention to impose a 25% tariff on steel and a 10% tariff on aluminum imports which came into effect May of 2018. The U.S., Canada, and Mexico would reach a deal to remove the steel and aluminum tariffs in May 2019. Many of us in the brokerage …

Did you know that the CBSA publishes advance rulings to assist the importing community with the classification of goods? What are advanced rulings? The CBSA has published a page explaining Advanced Rulings. On this page, you can apply for an Advanced Ruling via email. These rulings, issued under paragraph 43.1(1)(c) of the Customs Act, provide information on the …

The U.S. CBP have put together a web page full of resources regarding the upcoming USMCA/CUSMA trade deal that will go into effect in a month. The following resources have been made available: The USMCA website provides an informative FAQ’s online here: https://www.cbp.gov/trade/priority-issues/trade-agreements/free-trade-agreements/USMCA IE Canada CUSMA Working Group provides insight with Questions for CBSA below: From …

In the future, importers and customs brokers in Canada can expect to take part in a brand-new importation experience. Gone will be the days of the CADEX program; in its place, the CBSA has been developing something entirely new. CARM: the CBSA Assessment and Revenue Management program. This multi-year initiative is intended to completely revamp …

The U.S. Trade Representative (USTR) went forward with a new set of exclusions for Chinese origin goods subject to Section 301 additional duties appearing on List 4A. These new exclusions are predominantly for medical-related products, covering five complete 10-digit Harmonized Tariff Schedule (HTS) numbers, and seven newly prepared product descriptions, which amount to a total …

On December 10th, 2019, a new trade agreement between the countries of North America was signed: the Canada-United States-Mexico Agreement, or CUSMA. The original version of this trade agreement is known as NAFTA. For twenty-five years, NAFTA eliminated the tariffs on many goods passing between the Canadian, U.S., and Mexican borders, and facilitated trade between …

Have you ever wondered how and where the process of customs was developed? What caused the need for the concept of tariffs, and why is this practice universal among every country in the world? Canada and the United States share a trading relationship that crosses all industries and is of vital importance to the success …

On November 30th, 2018, a new trilateral trade agreement between Canada, the U.S., and Mexico was signed. This trade agreement goes by many names depending on which country observers originate from: USMCA if observed in the U.S., T-MEC in Mexico, and ACEUM in the French-speaking parts of Canada. For most Canadians, you’ll come to know …